AREA

Russian business in Africa needs official support During the "Strategic session on legislative support for economic cooperation with African countries in the energy sector" in the State Duma, Chairman of the Russian-Moroccan Business Council Yuri Sharov said that Russian businesses wishing to work on the continent do not have the necessary support from Russian official structures for new economic projects. According to him, the projects have not formed a comprehensive ecosystem. Preparatory work on a number of initiatives is scattered, many have not reached practical implementation. "Only the personal inclusion of each of us and the consolidation of efforts, not only of government agencies, but also of business and civil society, will allow us to solve this critically important global geopolitical task. The AREA Association is the right initiative. The problems of Africa and entrepreneurs working on the continent need to be solved with a united front," he said. #Africa#Russia#energy#State#Duma

There is a demand in Africa for creation of a sustainable energy infrastructure – Babakov At the "Strategic session on legislative support for economic cooperation with African countries in the energy sector", which was held in the State Duma, Deputy Chairman of the State Duma Alexander Babakov said that according to forecasts by 2050, the population of the continent could range from 2 to 2.5 billion people. "This suggests that the potential of the African continent's energy market is very high. Key indicators indicate that both population growth and strong economic growth will continue. Due to the fact that the basis of GDP in many countries, especially in West and Central Africa, is agriculture and exports of raw materials, there is a significant demand for industrial development, requiring the creation of a sustainable energy infrastructure," he said. Babakov noted that Russian energy solutions, which have shown their effectiveness and sustainability even in difficult climatic conditions, could become a reliable basis for industrial growth in Africa and ensure a new quality of life for the population of the countries. #Africa#Russia#energy#State#Duma